Finance

Climate finance from multilateral development banks increased to $125 billion last year, according to a new report. The 2023 Multilateral Development Bank report prepared by the European Investment Bank (EIB) …

GCC private equity firm Gulf Capital has formally joined the Abu Dhabi Sustainable Finance Declaration (ADSFD), the firm announced this week. The Finance Declaration is a voluntary membership-based initiative led …

Ruya, a digital Islamic community bank in UAE, has announced the launch of the ‘NatureProtect’ initiative in partnership with Sacred Groves, a nature-based community interest company. The two explained that …

This week, MUFG EMEA and Doha Bank announced the close of their first Green Repo scheme in the Middle East and North Africa (MENA) region. This is the first Green …

The Bank of China (Dubai Branch) has listed a USD 400 million Green Bond on Nasdaq Dubai. According to Nasdaq Dubai, the issuance, due 2027, is rated “A” by S&P …

MENAT banking group Emirates NBD has assumed the role of Co-Chair of the MENA Chapter of the Partnership for Carbon Accounting Financials (PCAF). PCAF is an initiative led by the …

African countries are facing a disproportionately high and increasing climate change bill, a new World Meteorological Organization (WMO) report warns. The report, published this week, outlines that African countries are …

The Islamic Development Bank Institute (IsDBI) and the International Centre for Education in Islamic Finance (INCEIF University) have launched an Islamic finance and sustainable development journal. Previously named the “ISRA …

Governments in North America and Europe are spending billions of taxpayer dollars on ineffective, unproven technologies, such as carbon capture and fossil hydrogen, according to a new report from research …